Bosnia’s Serb Republic CPI inflation eases to 0.6% y/y in July 2013

By bne IntelliNews August 22, 2013

Bosnia’s Serb Republic CPI inflation slowed to 0.6% y/y in July from 1.0% the month before on the back of falling clothing and footwear costs and slower food and alcoholic beverages price growth, the entity’s statistics office said.

In monthly terms, the CPI edged down 0.9% m/m in July after recording 0.0% growth in June. Compared to the 2012 average, it was 0.7% lower.

Alcoholic beverages costs rose 5.5% y/y in July, cooling from a 6.0% increase in June. Food and non-alcoholic beverages prices growth, likewise, eased to 1.8% y/y in July from 3.1% the month before.

Clothing and footwear prices deflation deepened to 9.5% y/y in July from 7.0% the month before, helping curb the overall index growth.

Bosnia’s Serb Republic average inflation slowed to 2.1% last year,from 3.9% in 2011, mainly due to slower increase of food and transport prices.

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